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Exam 13: Progress and Performance Measurement and Evaluation

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Question 41

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The first step in creating a project control system for measuring and evaluating project performance is to set a ________.

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baseline plan
Explanation: The project c...

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Question 42

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Which performance index is the most potentially misleading?

A) CPI
B) EV
C) CV
D) SV
E) EAC

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Question 43

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When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the

The value that tells you the planned value of the actual work completed is ___________.

The Schedule Variance is the best way to get an accurate assessment of schedule performance.

A project can have a negative Schedule Variance and still be ahead of schedule when A.All budget targets have been achieved. B.Non-Critical task delays are greater than progress on the Critical Path. C.Progress on the Critical Path is faster than non-critical path tasks. D.None of these choices are correct.

Although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance.

Two project complete indexes are used, depending on your judgment of which one is most representative of your project.Identify both indexes and explain when it is most appropriate to use each.

A negative Cost Variance combined with a negative Schedule Variance is an indicator of

Which of the following methods will measure the cost efficiency of the work accomplished to date?

A project monitoring system involves all of the following EXCEPT

The second step in the project control process for measuring and evaluating project performance is to

A ___________ Gantt chart is a simple and effective way to depict progress on a project.

Which of the following methods will measure the scheduling efficiency of the work accomplished to date?

Conducting an earned value analysis requires three data elements.Identify the acronyms for each and describe what they are.

Because of their easy-to-understand visual format, ________ charts are the most favored, used, and understandable tool used to report project schedule status.

The PV, AC and CV are all required to assess the current status of the project.

A scope change is always viewed negatively as it changes the delivery date of the project.

What is the difference between a baseline Gantt chart and a tracking Gantt chart?

When reviewing the variance on a project, you compare Earned Value with